DowDuPont subsidiary Granular partners with blockchain CO2 removal project Nori
Mon, 03 Dec 2018, 07:23 am UTC
Granular, an agriculture software company under the DowDuPont umbrella, has entered into a partnership with Nori, a blockchain-based marketplace for removing carbon dioxide from the atmosphere, to help farmers increase profits while reducing their carbon footprint.
In August 2017, DuPont acquired San Francisco-based Granular as part of its efforts to create a digital agriculture ecosystem to support information sharing, services and commerce.
In an official release dated September 01, 2017, DowDuPont announced the successful completion of the merger of equals between The Dow Chemical Company and E.I. du Pont de Nemours & Company (DuPont), effective Aug. 31, 2017. The combined entity is operating as a holding company under the name “DowDuPont” with three divisions – agriculture, materials science and specialty products.
Granular gives farmers access to software and analytics that enable them to make confident, data-driven decisions to increase their overall profitability.
Nori is creating a digital marketplace to provide farmers the ability to generate revenue when they remove CO2 from the atmosphere and store carbon in their soil. By building a transparent and secure platform, Nori will make it simple for farmers to get paid for removing excess carbon dioxide from the atmosphere. Farmland is the first priority project for Nori’s voluntary carbon removal marketplace launching in early 2019.
“Farmers have an opportunity to impact the course of climate change in a big way, and we’re thrilled about this opportunity to learn and work with them,” said Paul Gambill, Nori CEO.
Under the new joint pilot program, Granular will provide optional early access to Nori’s carbon market to its farmer customers who want to pursue land management practices that contribute to soil health and increased productivity. The first goal of the collaboration is to design and build a seamless process for Granular farmers to list their sustainable practices in the Nori marketplace.
“The vast majority of farmers we work with make stewarding their land a high priority, both because soil health is key to their overall profitability, and because they want to pass the ground down to the next generation. We’re excited to play a role in helping them continue to do so at a profit,” said Tamar Rosati, VP of Product for Granular.
“Our agreement today is focused on making sustainable food production as efficient and profitable as possible for the farmers we work with.”
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